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Excerpt: Who is eligible to receive severance pay? To be eligible for severance pay, an employee must (1) have served at least 12 continuous months(which can include non-pay time) in a qualifying appointment, (2) have a full-time or part-time (which includes seasonal, but not intermittent) work schedule, (3) not be eligible for an immediate annuity as a Federal employee or as a retired member of the armed forces, (4) not be receiving Worker?s Compensation benefits, (5) not be on a Temporary Limited or Term Appointment, and (6) not have declined a reasonable job offer. A reasonable offer must be (1) in writing (2) a position for which the employee meets established qualification requirements (3) in the employee?s agency (4) in the local commuting area (5) in the same tenure and work schedule, and (6) no more than two grades lower than the employee?s current grade.